816 12th Street W, Prince Albert

$1,395,000

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0 Bed
0 Bath
¾ Acre
0 Garage

Incredible opportunity with this 22-unit Rowhouse complex. 21- 2-bedroom units plus 1 unit that has been converted into office/storage and laundry room for the complex. Could be converted into 1 bedroom suite and keep laundry where it is. Rents are below market value and could be raised to increase revenue by more than $25,000 per year. All units have front and back access, furnace, and water heaters. Tenants are responsible to pay all utilities. Updates include all windows and furnaces plus roof has been resurfaced. Units are also renovated as needed. Property is currently owner managed for the last 20+ years but a Professional Property Management company is available at 7% of gross rent. Vacancy rate is very low, and units are incredibly easy to rent. Listing price is below recent appraisal value.

Essential Information
MLS® #SK925171
Price$1,395,000
Bathrooms0.00
Acres0.75
Year Built1912
TypeMulti-Family
Sub-TypeResidential Only
StatusActive
Community Information
Address816 12th Street W
SubdivisionWest Flat
CityPrince Albert
ProvinceSaskatchewan
Postal CodeS6V 3C5
Amenities
AmenitiesShared Laundry, Storage
Parking Spaces22
Interior
AppliancesFridge, Stove, Washer, Dryer
HeatingForced Air, Natural Gas
Exterior
ExteriorStucco, Other
Exterior FeaturesBalcony, Lawn Front
ConstructionWood & Frame
Additional Information
Date ListedApril 10th, 2023
Days on Market234
Listing Details
Listing OfficeRoyal LePage Icon Realty
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Michelle Bailey

Office: 306-782-2253
Cell: 306-621-5032

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